VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.41 per $10,000 · paid last 24h +0.094%

Price spread now: Bybit against MEXC−0.034%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1441.443% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.034%, 7d avg +0.045%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.079% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VELVET_USDT	0.05853	0.0504	pay 0.0252% / 4h	2h 11m	$2.0M	$395K	50x
Short	Bybit VELVETUSDT	0.05851	0.0423	get 0.0211% / 4h	2h 11m	$1.6M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$17.1
Price spread: −0.034% → +0.045%: −$7.93
Slippage, 4 orders: −$133.29
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$169.32
Costs to cover: 1.443%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	3.40 bp	24.5 bp −$24	77.3 bp −$773	189.6 bp −$19.0K	doesn't fit
Sell Bybit live order book, 5 min ago	8.48 bp	53.5 bp −$53	doesn't fit	doesn't fit	doesn't fit

VELVET on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VELVETUSDT	+0.0100%	4h	0.05852	−0.011%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05845	−0.137%	$702K	$932K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05843	−0.171%	$934K	$525K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05862	+0.154%	$1.1M	$635K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05857	+0.068%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0347%	4h	0.05879	+0.445%	$36K	$51K	—	as long as short
Bybit VELVETUSDTshort	+0.0423%	4h	0.05851	−0.034%	$1.6M	$1.5M	5x
Binance VELVETUSDT	+0.0493%	4h	0.05854	+0.011%	$4.3M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0496%	1h	0.05852	−0.013%	$6K	$152K	5x	as long as short
BingX VELVET-USDT	+0.0502%	4h	0.05857	+0.068%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDTlong	+0.0504%	4h	0.05853	long leg	$2.0M	$395K	50x
edgeX VELVETUSDC	+0.0521%	4h	0.05868	+0.256%	$1K	$201K	10x	as long as short
BloFin VELVET-USDT	+0.0749%	4h	0.05867	+0.239%	$260K	$132K	50x	as long as short